標準普爾500指數

SPX wave (C) pending Decline before a Longer Term rally ensues

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On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3226 for one pending push to new lows before a long-term sustained rally ensues. We may be contained within the highlighted range in wave (C) as the S&P is slowly losing bullish momentum, still keeping our bearish biased butterflies on SPX and RUT.

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